Arrangement: Fairy, ChainCatcher
Key news:
Several FOMC members will give speeches this week
Former Alameda CEO Caroline will be sentenced on September 24
On-chain perpetual DEX LogX will conduct TGE on September 24
Hamster Kombat to launch token and airdrop on September 26
Changpeng Zhao may be released from prison on September 29
Wintermute to launch new prediction market OutcomeMarket
Monday, September 23
South Korean crypto exchange Aprobit announces closure, will stop trading on September 23
South Korean crypto exchange Aprobit has announced its closure and will stop trading on September 23, with withdrawals available until December 23.
Aprobit said: “Due to changes in the business environment, we have decided to terminate trading support, and we will do our best to ensure that all users will not experience any inconvenience in returning the assets they deposited on the exchange even after the trading support ends.”
It is reported that only half of the 22 crypto market exchanges registered as virtual asset operators in South Korea are currently operating.
ether.fi: Season 3 airdrop event will end on September 14, and claims will go live on September 23
ether.fi said on social media that the airdrop for Season 3 will end on September 14. The query page is planned to be launched on September 17, and the claim will start on September 23. Season 3 participants can choose to claim ETHFI on the Ethereum mainnet, Arbitrum or Base network, and must make a choice before September 15.
U.S. House Financial Services Committee hearing to include SEC testimony, expected to focus on regulation of digital assets
The U.S. House Financial Services Committee plans to hold several hearings in September, focusing on cryptocurrency-related issues, including decentralized finance (DeFi), regulation by the U.S. Securities and Exchange Commission (SEC), and the impact of the "pig killing" scam.
The first hearing on September 10 will focus on DeFi, a hearing on SEC enforcement and the "pig killing" scam will be held on September 18, and the full committee hearing on September 23 will involve testimony from the SEC and is expected to focus on the regulation of digital assets. Committee Chairman Patrick McHenry is retiring and has expressed his hope to complete a cryptocurrency legislation by the end of the year.
European regulators begin consultation on MiCAR guidelines, to hold virtual public hearing on September 23
According to Crowdfund Insider, the three major European regulators (EBA, EIOPA and ESMA) have issued a consultation document on the guidelines for the Crypto Asset Market Regulation (MiCAR), which aims to establish standardized tests and legal opinion templates for the classification of crypto assets to promote a unified classification approach.
The deadline for submission of comments on the consultation document is October 12, 2024. European regulators will hold a virtual public hearing on September 23, 2024, and stakeholders are invited to register to attend by September 19. All comments received will be published after the consultation closes, unless confidentiality is specifically requested.
Tuesday, September 24
Former Alameda CEO Caroline will be sentenced on September 24
Former Alameda co-CEO Caroline Ellison will be sentenced in a New York court on September 24. Caroline, also the ex-girlfriend of former FTX CEO Sam Bankman-Fried, pleaded guilty in December 2022 after FTX collapsed and caused consumers to lose billions of dollars.
The fraud charges Caroline faces include two counts of conspiracy to commit wire fraud, two counts of actual wire fraud, and one count of conspiracy to commit money laundering. These charges carry a maximum sentence of 110 years in prison, but because Caroline is cooperating with prosecutors, her sentence may be less.
Other former FTX executives, Gary Wang and Nishad Singh, were also charged but have also cooperated with prosecutors. Gary Wang’s sentencing is scheduled for Nov. 20, while Singh’s is scheduled for Oct. 30.
Lisk Community Vote Begins on Destroying or Allocating 100 Million LSK Tokens to DAO Fund
The blockchain application platform Lisk has launched a vote to "keep or destroy 100 million LSK tokens" (25% of the total upper limit supply of 400 million). The vote is scheduled to be held on the new Lisk DAO on September 24 and will last for 7 days until October 1.
If the community chooses to allocate to the DAO Fund, 100 million LSK tokens will be allocated to the Lisk DAO Fund. These tokens will belong to the fund from 2027 to 2033, with 15 million LSK tokens distributed annually for six years and 10 million in the seventh year.
If the community chooses to burn, 100 million LSK tokens will be permanently removed from the total supply. This move will reduce the total LSK token supply by 25% to 300 million tokens.
Chromia native token CHR staking will be launched on September 24
According to official news, blockchain platform Chromia announced that it will end the "MVP" mainnet stage on September 30, after which the network will be officially called the "Chromia Mainnet."
At the same time, the Chromia native staking function will be launched on September 24. After the native staking is launched, users can stake CHR tokens on Chromia, Ethereum and Binance Smart Chain, with an annualized staking rate of return of 10%, plus a share of network fees.
On-chain perpetual DEX LogX will conduct TGE on September 24
The on-chain perpetual DEX LogX said on the X platform that it will conduct a TGE on September 24.
According to RootData, LogX is a liquidity solution focused on perpetual contracts on an L2 chain. LogX is designed as a large aggregator that brings together liquidity from different chains. Users do not need to manage gas fee tokens or the complexity of performing multiple transactions for each operation. LogX aims to provide unprecedented deep liquidity for professional traders and institutions.
WalletConnect launches native token WCT, airdrop registration will open on September 24
According to The Block, the Web3 communication protocol WalletConnect will launch its native token WCT on Optimism. WalletConnect said that registration for the WCT airdrop will open on September 24, and airdrop qualifications are based on the usage of the WalletConnect network.
WalletConnect CEO Houlgrave said the initial supply of WCT tokens is capped at 1 billion, of which 18.5%, or 185 million tokens, will be allocated to the first quarter airdrop. Houlgrave said the airdrop will cover WalletConnect's end users, as well as wallets, applications, nodes, software development kits, and communities that have contributed to WalletConnect's success.
To participate in the WCT airdrop, users must register by connecting a wallet, linking a GitHub account, and providing an email address. Eligibility requirements include having an Ethereum address, active use of WalletConnect, or contributions to open source projects. The first season of airdrops will end on October 11, when token distribution will take place. Any unclaimed tokens will be reallocated to future airdrop seasons. Initially, WCT tokens will be non-transferable, and transfer functionality may be enabled in the future through community governance. Tokens cannot be transferred between wallets until full functionality is activated in 2025.
WalletConnect Inc. has changed its name to Reown, focusing on user experience, and established the WalletConnect Foundation, which will oversee the WalletConnect protocol and ensure the growth, security, decentralization and ecosystem expansion of the network.
Wednesday, September 25
BNB Chain: Application deadline for MVB Season 8 extended to September 25
BNB Chain posted on X that the application deadline for MVB Season 8 has been extended to 23:59 on September 25.
The MVB program is a collaborative effort between BNB Chain, Binance Labs, and CMC Labs. MVB Season 8 will continue to provide early Web3 builders with the resources and support they need to thrive in the BNB Chain ecosystem.
EOS Network Foundation: Spring 1.0 Hard Fork to be held on September 25
According to official news, the EOS Network Foundation announced that the stable version of the Spring 1.0 upgrade is scheduled to be released on September 4, the recommended upgrade time is September 5 to 24, and the hard fork or consensus upgrade is scheduled to be released on September 25.
The Spring 1.0 upgrade will introduce the Savanna consensus algorithm. In addition, the hard fork activation will greatly shorten the finalization time of EOS from several minutes to seconds.
Paradigm to Launch Paradigm Fellowship 2024, September 25-29
Paradigm has announced that it will launch the Paradigm Fellowship 2024 from September 25 to 29, and applications are currently open until July 22. The Paradigm Fellowship is a program that brings together cryptocurrency game engineers and researchers.
Thursday, September 26
Hamster Kombat to launch token and airdrop on September 26
Telegram ecosystem game Hamster Kombat announced that it will launch its HMSTR token on TON on September 26 and conduct an airdrop for players on the same day.
BNB Chain has activated the Bohr hard fork on the BSC testnet and will upgrade the mainnet on September 26
BNB Chain has successfully activated the Bohr hard fork on the BSC testnet. The Bohr upgrade for the BSC mainnet is scheduled for September 26, 2024. The hard fork was deployed on the BSC testnet on August 20, 2024.
The Bohr hard fork includes four BEPs:
BEP 341: BEP 341 will allow validators to produce blocks continuously.
BEP 402: Allows filling in missing fields in block headers for signature generation.
BEP 404: Clearing miner history when switching validator sets.
BEP 410: Adding Delegation to Validators.
The Bohr hard fork is an important upgrade to the BNB chain that improves efficiency by allowing validators to produce blocks continuously. With Bohr about to be deployed on the mainnet, this upgrade will enhance the scalability and security of the chain.
Cardano plans to launch Fund13 on September 26, allocating 50 million ADA to fund high-quality proposals
Cardano will launch Fund13 on September 26, with an allocation of 50 million ADA ($16.5 million) to fund high-quality proposals. The community will vote on which ideas will be funded, which is consistent with Catalyst's democratic governance. Unlike previous rounds of financing, Fund13 places more emphasis on enterprise solutions.
Proposers will have three weeks to submit their proposals, with the submission window closing on October 10. However, the deadline for Cardano partners will be extended to November 7, giving them more time to refine their proposals.
Community voting for Fund13 will take place from November 28 to December 12. The funding categories have been adjusted compared to the previous round, and the current six categories are now composed of four general categories open to everyone (Developer, Ecosystem, Concept and Product) and two exclusive categories for Tier 1 partners (Enterprise and Growth).
Friday, September 27
Space Nation CEO Jerome announced that the game will be officially soft launched on September 27th
Space Nation CEO Jerome announced that the game will be officially soft launched on September 27. Soft Launch will be divided into two phases. The character level cap is 50 in the first 6 weeks, and the first season of the guild planet occupation war will be launched in the second 6 weeks. After the Soft Launch, the game will enter the Global Launch phase, when the Space Nation DAO will also begin to be established.
Space Nation Online first launched its Alpha test a year ago. This year’s two Cosed Beta tests attracted 24,893 users from 110 countries. During the two tests, more than 180 billion CHR of virtual currency transactions were achieved.
CEO Jerome Wu concluded: "Since its inception, Space Nation has been committed to building a long-term prosperous economy. Thanks to the strong support of the community, the team is confident about this Soft Launch."
IMX Marketplace will cease operations on September 27
As reported by NFT Plazas, Immutable recently announced that it will shut down its Immutable X market on August 13 and cease operations entirely on September 27. The Immutable X market was originally launched to demonstrate the capabilities of the Immutable SDK, and will now focus on supporting third-party markets rather than maintaining its own trading platform.
However, users of the Immutable marketplace do not need to take any additional steps with their assets; all NFTs and tokens are stored on the blockchain, tied to the user’s wallet address, and accessible across different marketplaces using the Immutable global order book.
Sunday, September 29
Changpeng Zhao may be released from prison on September 29
According to the Securities Times WeChat account, "former richest Chinese" Zhao Changpeng has confirmed that he will be released from prison soon. According to relevant reporters, Zhao Changpeng's current location has been updated to the Residential Reentry Management (RRM) in Long Beach, central California, according to the official website of the U.S. Federal Bureau of Prisons. This means that he is undergoing preparation and assessment before returning to society. If everything goes well, he will return to society on September 29.
Specific time is not determined
The Fed's "quiet period" has ended, and several FOMC voting members will make speeches intensively
According to Jinshi, as the Fed's "quiet period" ends, investors will pay close attention to the speeches of Fed officials next week. If Fed officials refuse to commit to the possibility of another sharp interest rate cut this year, the US dollar may rebound and drag gold down. However, if Fed officials reveal that they are considering another 50 basis point interest rate cut at the November meeting, the US dollar may find it difficult to find support. The following are the macro events worth paying attention to next week:
At 20:00 on Monday, 2024 FOMC voting member and Atlanta Fed President Bostic will speak on the economic outlook;
At 22:15 on Monday, 2025 FOMC voting member and Chicago Fed President Goolsbee will participate in a fireside chat;
At 01:00 on Tuesday, Kashkari, 2026 FOMC voting member and President of the Minneapolis Fed, will deliver a speech;
Tuesday 22:00, US Conference Board Consumer Confidence Index for September;
At 21:10 on Thursday, Boston Fed President Collins will host an online meeting on central bank regulation and financial inclusion, and Fed Governor Kugler will attend;
At 21:20 on Thursday, Federal Reserve Chairman Powell delivered a pre-recorded opening speech for an event;
At 21:25 on Thursday, FOMC permanent voting member and New York Fed President Williams delivered a speech;
At 22:30 on Thursday, Federal Reserve Board Governor Barr will deliver a speech;
At 01:00 on Friday, Kashkari, 2026 FOMC voting member and President of the Minneapolis Fed, and Barr, a Federal Reserve Board member, held a fireside chat;
At 21:30 on Friday, 2025 FOMC voting member, Boston Fed President Collins and Fed Governor Kugler will deliver speeches;
Wintermute to launch new prediction market OutcomeMarket
According to The Block, crypto trading platform Wintermute will launch a new prediction market OutcomeMarket on Ethereum, Base and Arbitrum next week.
The company is developing OutcomeMarket using Chaos Labs’ Edge Proofs Oracle and will initially launch betting markets for TRUMP and HARRIS tokens.
“Unlike existing prediction markets that are limited to a single chain, the multi-chain approach allows users’ native blockchain ecosystems to participate directly without the need for cumbersome asset bridging,” Wintermute wrote in a statement. Wintermute also noted that DeFi integrations may be possible in the future, such as providing users with yield or leverage. Wintermute also plans to use trading platforms Bebop, WOO, and Backpack as market makers for two initial ERC-20 token markets, and will expand to more markets. Wintermute’s trading pool will be backed by liquidity, and payouts will be made when one party wins.
